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Board Securities
Re: Bitcoin-Powered eSports Startup Seeking Seed Funding
by
Emerge
on 09/07/2015, 02:19:20 UTC
Okay so...
I like your concept and so I feel obliged to help you out (with a very short advice) a little since it seems this is your first project. I work with start ups IRL.
You are asking for 0,01 a share, that means your market capitalization is 1.000 BTC that is 270 200 USD.


Well right now this represents 3 pages of Word text, 4 people and a twitter account with 18 followers. Any idea by itself has 0 value. What matters is execution.
Your market cap. might be close to 1.000 BTC when your yearly sales (not net profit) are at least around 80k a year, you have a steady influx of new customers (players) and find yourself beyond reaching the critical mass.
Right now I (and any sane person) would not pay 100USD for 50% of your company. I wouldnt even pay 100USD for 99%.

In this phase, there is absolutely no need for any capital for you. First get the site running (from what I understand some of you are developers), do alpha testing. Try to expand a little, if things go well the investors have something to catch and you might actually have a use for the funds.

Your offer right now is seriously beyond ridiculous

gl

Thanks for your feedback Selene,

We're already working on our alpha, if you haven't checked out our Project Development thread yet.
We can get the site running, but after that there are the gameservers we will be purchasing, prizes we will reserve and marketing.

I understand it may seem sketchy because of the high prices per share, but leagues give huge prices to its participants and we will need a bigger edge over already existing edge, the first being the fact we deal in Bitcoin.

We may be in a closed alpha, but already we have connections. We're discussing with leet.gg to partner with them, consulting with BlockTrail for our bitcoin backend, and also with BitReserve to hold our prizes.

After we fix it up to beta we can already start a season.

In fact, our planned beta release is on mid November.
We're looking forward to more feedback from people as yes, this is our first project, but we intend for it to be a great one.